What does this mean for you as an employer?
If you currently have a voucher scheme in place, you can continue to join new members until October 2018 (or for as long as you keep the scheme open) although employees who wish to join after this date will be unable to. (more…)
Chancellor Philip Hammond has delivered his Spring Statement 2018, and on his promise to move away from two major fiscal announcements every year.
There was no red briefcase, no red book, and no tax changes as the chancellor announced updated economic forecasts in a speech lasting less than half the length of any of his previous statements.
Not that it comes as a surprise seeing that Hammond moved this to a Tuesday, rather than keeping it in its usual slot straight after prime minister’s questions on a Wednesday. (more…)
National minimum wage rates for all ages and apprentices are increasing from 1 April 2018. (more…)
Historically partner’s in a partnership and the self employed couldn’t join the childcare voucher scheme as they were not employees. This scheme enabled workers to receive vouchers towards childcare tax and National Insurance free from their employer, a scheme which is now being phased out with only employees already in the scheme being able to continue. However, the self employed and partners in partnership can now participate in the tax free child care scheme. This is a new scheme introduced by HMRC to helping working families with childcare costs. The scheme is available for children under 12 years old and under 17 years old if registered disabled. Working parents qualify where they earn at least £120 per week, if taxable income exceeds £100,000 per year you won’t be eligible. The earnings limit does not apply if you are self employed and started your business less than 12 months ago. (more…)
Month three of our new publication 11 Key Steps for Trustees, 1 Giant Leap for your charity Focuses on collaborative working and mergers.
Have you ever thought that there could be advantages to be gained by your charity from working with another charity? (more…)
Cash. All businesses need it, and the pressures on this precious resource are particularly weighty for legal firms, who have: (more…)
The Charity Commission has opened a consultation about new guidance to help charities manage their relationships with connected non-charitable organisations. The new guidance is closely based on the core trustee duties as explained in the regulator’s existing guidance, and sets out principles for trustees to follow.
About one in 15 taxpayers failed to beat the midnight deadline on 31 January 2018 to file their annual returns relating to the 2016/17 financial year. (more…)
Traders have been able to prepare their accounts using the cash basis since April 2013, as long as they meet certain eligibility conditions.
This option was extended to landlords running unincorporated property businesses from 6 April 2017. (more…)
Royal London reports the Revenue is overcharging on two areas of the tax system, and has had to refund £493 million as a result.
Savers using the new pension freedoms are among the hardest hit, as income tax on pension withdrawals is taken on an emergency tax basis. (more…)